Tokio Marine Asset Management Co. Ltd. Grows Stake in International Business Machines Co. (NYSE:IBM)

Tokio Marine Asset Management Co. Ltd. increased its stake in International Business Machines Co. (NYSE:IBM) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 20,601 shares of the technology company’s stock after acquiring an additional 1,294 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in International Business Machines were worth $3,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Naples Money Management LLC bought a new stake in International Business Machines in the fourth quarter worth about $28,000. Briaud Financial Planning Inc bought a new stake in International Business Machines in the third quarter worth about $31,000. Stone House Investment Management LLC lifted its stake in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its stake in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Cordant Inc. lifted its stake in International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IBM shares. Societe Generale reaffirmed a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. BMO Capital Markets lifted their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research note on Wednesday, April 17th. Jefferies Financial Group decreased their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $177.23.

International Business Machines Stock Up 1.0 %

NYSE IBM traded up $1.82 on Wednesday, hitting $184.01. The stock had a trading volume of 7,569,395 shares, compared to its average volume of 4,806,687. The business’s fifty day moving average price is $188.36 and its 200 day moving average price is $169.98. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The stock has a market cap of $168.69 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 earnings per share. Equities research analysts anticipate that International Business Machines Co. will post 10.04 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.